As financial crime continues to flourish and reach new levels of sophistication, financial institutions have increasingly recognised that new technologies are providing much-needed solutions to improve the efficiency and effectiveness of AML programmes.
In this paper, we look at some of the core themes firms need to pay attention to in the year ahead, including:
- Stricter regulatory landscape and shifting supervisory priorities
- Greater use of AI and machine learning to automate AML processes
- A need for continued investment in people, not just machines
- Increased focus on compliance culture and accountability
The paper was co-published by Regulation Asia and NICE Actimize